Gold isn't backed by anything - it is the backing
So gold is unbacked the same way #Bitcoin is.
No, you're not retarded at all.
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The difference is while I can't eat gold I can fill a tooth with it
While Bitcoin has no use other than as a trade token
Unbacked but tooth fillings 😆
The difference is while it can't fill a hole, #Bitcoin can be sent across continents without trusted third party.
